Resideo Technologies announced that its board has approved the spin-off of its ADI Global Distribution business, setting a record date of July 20, 2026 and a distribution date of August 3, 2026. Shareholders of record will receive one share of ADI common stock for every two shares of Resideo common stock held. ADI common stock is expected to begin regular-way trading on the New York Stock Exchange under the ticker symbol ADIG on August 4, 2026, with when-issued trading under ADIG WI anticipated to start on or about July 29, 2026. In connection with the spin-off, ADI completed a 400 million dollar offering of 7.125 percent senior notes due 2034 and entered into a 600 million dollar term loan facility and a 500 million dollar revolving credit facility. Resideo and ADI will host investor days in New York City on July 13 and July 14, 2026, respectively.
Resideo Technologies IncResideo is spinning off ADI Global Distribution; the impact on Resideo depends on market view of the separation.
ADI Global Distribution is being spun off as a separate public company with its own financing and listing.